Announcement

21 December 2017
NZX appoints Hugh Stevens to lead funds management business
NZX is pleased to announce the appointment of Hugh Stevens to lead the
exchange''s funds management business, effective Monday 5 February 2017.
Hugh will oversee NZX''s Auckland based Smartshares exchange traded funds
(ETF) business and its superannuation and KiwiSaver business, SuperLife. Hugh
will report to NZX CEO Mark Peterson and the Smartshares Board.
Hugh is the former Head of Private Equity and Real Estate Fund Services for
BNP Paribas based in Paris, France, and prior to that was Head of BNP Paribas
Securities Services New Zealand. He has an extensive fund management and
administration background which includes sales, product development and IT
experience. Hugh is currently the Chief Operating Officer of Implemented
Solutions Limited.
Prior to joining BNP Paribas Hugh worked for JP Morgan in London where he
held several executive roles including Vice President, Applications
Development Director and Vice President, Head of Analytics.
Hugh''s skill set and leadership qualities align with NZX''s growth plans for
its passive funds management business as outlined in its recently released
strategy.
His appointment follows the resignation of Aaron Jenkins earlier this year.
Aaron resigned so he and his family could return home to Sydney, Australia.
In addition to this, 31 December 2017 marks the end of the three year fixed
term employment agreements with SuperLife''s previous owners Michael
Chamberlain and Owen Nash, which were put in place as part of NZX''s
acquisition of the business in January 2015.
It has been agreed that Owen will stay on to support the NZX funds management
business in a part time capacity until mid-2018 as Hugh transitions into the
Head of Funds Management role.
Since NZX acquired SuperLife, the Group''s total funds under management (FUM)
has grown from $1.7 billion in January 2015 to more than $2.6 billion today.
During this time NZX has also expanded the Smartshares portfolio of ETFs from
five to 23 funds. The NZX Board and management would like to take this
opportunity to thank Michael, Owen and Aaron for their contributions to the
SuperLife and Smartshares businesses.
For further information please contact:
Hannah Lynch
Head of Communications
T: 09 308 3710
M: 021 252 8990
E: hannah.lynch@nzx.com
End CA:00312315 For:MZY Type:ADMIN Time:2017-12-21 09:54:41